Virginia Gold Mines (ME) says it has completed two private placements worth a total of $326,000 with Marleau Lemire Securities Inc. ($150,000) and eight officers of Virginia ($176,000). The placements involved the sale of 434,666 shares (common and flow-through) at 75 cents per share, and warrants to purchase the same number of shares at $1 per share during an 18-month period. Also, Marleau was given an option to acquire 20,000 shares of Virginia at $1 per share during a 5-year period.
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